Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomePMN BusinessUS Beef Exports to China to Pick Up as Rivals Exhaust QuotasChina’s decision to renew import licenses for hundreds of US meat plants is yet to revive the beef trade, but the odds of more shipments in the second half of the year are improving.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.n[jwrnjc22hs17que}bk4)25_media_dl_1.png China customs, Bloomberg(Bloomberg) — China’s decision to renew import licenses for hundreds of US meat plants is yet to revive the beef trade, but the odds of more shipments in the second half of the year are improving.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorUS prices are too high and Chinese demand too soft for exports to have picked up immediately, underscoring how commercial realities are intruding on the diplomatic thaw that stemmed from the presidents’ summit in May. But support could be on the way as Chinese quotas allocated to other major suppliers dwindle — provided the trade truce with Washington holds. Australian beef now faces hefty tariffs, while Brazil is close to using up its allowance.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“I think there’s still a lot to look forward to when it comes to US beef exports to China in the second half of the year,” said Alice Xuan, analyst with Shanghai JC Intelligence. “Australia has run out of quota, but the US still has a lot and that gives them a big advantage.”US beef prices have surged to record highs, driven by the smallest cattle heard in decades. Meanwhile, China’s slowing economy and the government’s austerity measures for civil servants have sapped demand for the premium cuts of meat that feature in Chinese banquets. The country’s total beef imports fell last year for the first time in at least a decade. At the same time, domestic production has risen to help keep a lid on prices.Brazil, Argentina and Australia were China’s top foreign suppliers in 2025. The US exported just 49,000 tons of frozen meat, the main beef export, after trade tensions flared up. For this year, China has put quotas on imports to protect local farmers.Those have run out for Australian shipments, leaving exporters facing a 55% tariff. High-end US beef is on a par with Australia’s in terms of quality and price, said Xuan.Top exporter Brazil, which usually supplies cheaper meat, is close to reaching its quota. The US, though, still has its 164,000-ton allowance almost entirely intact and ready to be deployed.China will definitely buy more US beef, said Brett Stuart, founding partner at consultancy Global Agritrends, adding there’s still demand from richer Chinese for the high quality, grain-fed beef that the US specializes in.But other, more economical and flavorful, cuts like chuck, short ribs and tripe will also see more competition once China reenters the market.On the WireContemporary Amperex Technology Co. Ltd. is investing in a New Zealand-headquartered company that converts forestry byproducts into graphite for use in lithium batteries.As heat records shattered across Europe in the last weeks of June and indoor temperatures rose to uncomfortable levels, many of the continent’s residents sought immediate relief in the form of portable air conditioner units. Iran’s ambassador to Beijing said China and other friendly nations will be granted “special considerations” when Tehran determines the level and nature of service fees charged to ships using the Strait of Hormuz. There is still no lasting peace deal in the Persian Gulf, but energy-hungry Asia is already drawing energy lessons from four months of war: it needs bigger buffers, a greater diversity of fossil-fuel suppliers, and a better mix of power sources overall.This Week’s Diary(All times Beijing)Monday, July 6Shanghai Platinum Week in SuzhouTuesday, July 7China’s foreign reserves for June, including goldAsia Climate Summit in Hong Kong, day 1Hong Kong FIC & Bond Connect SummitShanghai Platinum Week in SuzhouWednesday, July 8CCTD’s weekly online briefing on coal markets, 15:00Asia Climate Summit in Hong Kong, day 2Shanghai Platinum Week in SuzhouThursday, July 9China’s inflation data for June, 09:30China to release June aggregate finance & money supply data by July 15Asia Climate Summit in Hong Kong, day 3Shanghai Platinum Week in SuzhouFriday, July 10China’s weekly iron ore port stockpilesSHFE’s weekly commodities inventory, ~15:30China’s monthly CASDE crop supply-demand reportShanghai Platinum Week in Suzhou—With assistance from Michael Hirtzer. 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